NASDAQ is strong - How far can it go?

31 Agu 2021

The Nas shows a strong performance. The Nasdaq has pushed through several important levels since Friday and there is almost no end in sight. Well, almost where it goes up it has to go down. I see the current movement primarily rise to around 15900 points before the market cools down. This correction should then go up to a maximum of 15034 points, which is the support below. If he does this, however, for which the course would have to turn imminently, there will be another smaller detour before the Nasdaq can push again. Overall the index continues to rise strongly and I regard any corrections as only temporary.

But the correction is knocking on the door. This assumption can be supported by several chart patterns:

H1 future chart & possible targets for a correction:
+ alternative wave 4

Bearish wolfe wave H2 chart:


Bearish wolfe wave H4 chart:


EW setup short term Kassa:

3 Sep 2021

Catatan